Worksport Ltd. announced that it has secured a long-term supply agreement with an established, leading automotive aftermarket reseller in the U.S. Under this agreement, Worksport is on track to earn an estimated USD 16,000,000 in annual sales of its advanced hard-folding and soft-folding covers, from this single customer. While estimated sales of USD 16 million are based on the customer?s forecast on an annualized basis, this estimate does not include the customer?s expectations of year-over-year growth in sales. The agreement resulted from samples that were provided to and approved by this customer previously.

This significant step follows the recent start of manufacturing at Worksport?s Western New York-based facility after receiving a robust USD 1.6 million order for its hard-folding covers and an additional USD 720,000 order for the soft-folding versions, both from the same customer. Aligned with this positive momentum and increase in demand, Worksport has outlined its strategic intentions to expand its manufacturing capabilities. The Company has announced initiatives to adopt robotics and automation in its processes, with plans to expand assembly lines from one to a formidable four.

Strengthening the Company?s position as cleantech innovators, Worksport is preparing to introduce the SOLIS solar cover, integrated with its pioneering COR battery system. Following the Company?s collaboration with Hyundai, numerous automotive manufacturers have expressed interest in the SOLIS cover, with discussions advancing currently.